AlixPartners Officially Opens Office in Hong Kong
Supporting Clients With Holistic- Turnaround and Investigations Services

NEW YORK, April 16, 2012 (GLOBE NEWSWIRE) -- AlixPartners, the global business-advisory firm, today announced that based on its success in meeting client needs in Hong Kong, mainland China and the surrounding region for several years, it is now officially opening a Hong Kong office. This office joins two other AlixPartners offices in Asia (Shanghai and Tokyo), and 14 others in the rest of the world.  The Hong Kong office will also serve as the firm's Asia headquarters.

The senior leaders located in AlixPartners' Hong Kong office include C.V. Ramachandran, head of the Asia Business Unit for AlixPartners and an expert in enterprise improvement across multiple industries; Rob Morris, managing director in AlixPartners' Financial Advisory Services unit and an expert in corporate investigations and litigation support; and Eric Thompson, managing director in the firm's Turnaround & Restructuring Services unit and an expert in corporate turnarounds, often in an interim-management role.  In addition, Ivo Naumann, a managing director based in Shanghai and head of the firm's business in mainland China, will continue to serve his numerous clients in Hong Kong and work closely with the Hong Kong-based team, serving regional corporations, owners and financial sponsors in both corporate turnarounds and performance improvement.

Said Fred Crawford, CEO of AlixPartners:  "AlixPartners continues to enjoy strong growth globally for our unique brand of high-impact, results-oriented services, and that certainly includes Asia, where C.V. Ramachandran and his team are moving aggressively to expand our client base and deliver to those clients the expertise and commitment that only AlixPartners can provide.  This marks the tenth year that AlixPartners has been 'on the ground' in Asia, consistent with our approach of opening offices officially only after our footprint is firmly entrenched.  That's certainly the case in Hong Kong, where we have been serving an increasing number of clients for several years."

Said  Ramachandran:  "In Hong Kong as well as throughout Asia, AlixPartners' results orientation and track record of helping clients succeed make our firm the perfect partner for companies, owners, financial sponsors, attorneys and others looking for fast, measurable and lasting improvements. This applies whether we are helping clients with holistic business turnarounds – which include a customized mix of financial restructuring, operational restructuring and, if needed, interim management – or whether we are providing financial-advisory services, including corporate-investigations and e-discovery services for both overseas companies and Chinese companies listed overseas. 

"In addition to our managing directors here, we are also fortunate to have a number of other very capable people in the region who can meet client needs anywhere in Asia.  Finally, we also have the capability to call upon a team of equally-experienced AlixPartners professionals around the globe who call Asia their second home -- especially to assist with cross-border assignments."

AlixPartners' Hong Kong office is located in the LHT Tower, No. 31 Queen's Road Central.   The main telephone number is + (852) 2236 3500.
 
About AlixPartners

AlixPartners LLP is a global business-advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial-advisory services and information-management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.

The AlixPartners LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11665

CONTACT: Charlotte Bilney
         +852 3103 0103
         Charlotte.bilney@citigate.com.hk

         Tim Yost 
         +1.248.204.8689
         tyost@alixpartners.com
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